About Andhra Bank Personal Loan Noida

Noida is a city full of opportunities and hence the demand for personal loans is also very high. In order to help people make their dreams come true, Andhra Bank personal loans are offered at low interest rates. Other than this, the higher loan amount facility becomes an add-on for the people who are in need of maximum funds. Read more to know the eligibility and Noida branch details of Andhra Bank.

Andhra Bank Personal Loan in Noida at a Glance

Particulars

Details

Interest Rate

11.40% - 13.05%

Loan amount

Up to 10 month gross salary (for salaried) or 40% of gross annual income (for non-salaried) or 4 months pension in case of pensioners or 75% cost of the article whichever is less

Tenure

Up to 5 years

Processing Fee

As per bank’s norms

Eligibility Criteria

The eligibility criteria to apply for a personal loan at Andhra Bank is as mentioned below:

Any individual having repayment capacity

Salaried persons

Pensioners drawing pension in the branchOthers.

Documents Required

The applicants who want to apply for a personal loan at Andhra Bank must carry the below list of documents:

Loan application form

Passport size photos of applicant/s

Property statement of the applicant or co-obligant (s)

In the case of an employee drawing salary at the branch- Letter for the recovery of the loan installments by debit to his account

Post Dated Cheques for at least 12 months

Last 6 months bank statement

Letter from the applicant declaring that there is no existing loan with the other branch of the bank or with the other bank

Latest original quotation from a local dealer for consumer durables proposed to be purchased with full details and description of the articles, etc.

Stamped receipt/Invoice of the item purchased

Collateral documents wherever required

In the case of loan against NSC/KVP certificate (s)- The original Bond (s) with the copy of the latest receipt towards payment of Premium along with the request letter to LIC for assignment of the policy in favor of Bank

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